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Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 110 pages | ID: A2F11EB4639EN
IMARC Group

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The global avocado processing market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

Avocado is used for the confection of baked products (such as cakes), to elaborate fine soup mixes, appetizers, and in the production of cosmetics (oils, skin lotions, soaps, shampoos, etc.) due to its oil content. Avocado can be processed into several products such as guacamole, avocado oils, avocado sauce, frozen products, etc.

A number of broad drivers and trends are currently driving the growth of global avocado processing market. These include rising disposable incomes, changing lifestyles, broadening of food habits, rising demand of processed foods, increasing cosmetic applications, etc. With the confluence of increasing trend of westernization of food patterns and acceptance of different cuisines along with burgeoning middle-class population, the consumption of avocado is rising across the globe. Moreover, the nutritional and health benefits associated with the consumption of avocado is also driving its demand. Avocado is rich in oleic acid, reduces cholesterol and improves heart health, acts as an antioxidant, improves skin, enhances wound healing, and neutralizes free radicals.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global avocado processing market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.

Breakup by Product Type:

Guacamole
Avocado Oil
Frozen Avocado
Avocado Sauce
Others

Guacamole currently accounts for the largest share in the avocado processing market.

Breakup by Application:

Food and Beverages
Cosmetics
Pharmaceuticals
Others

Food and Beverages currently account for the largest share in the market.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online
Others

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

North America currently represents the largest market.

Competitive Landscape:
The competitive landscape of the global avocado processing market has also been analyzed. Some of the leading players operating in the market are:

Hormel Foods Corporation
YUCATAN FOODS
Sabra Dipping Company, LLC
Calavo Growers, Inc.
Salud Foodgroup Europe BV
Olivado
SPECTRUM ORGANIC PRODUCTS, LLC
GRUPO INDUSTRIAL BATELLERO S.A. de C.V.
Sesajal S.A. de C.V.
The Village Press

Key Questions Answered in This Report
1. What was the size of the global avocado processing market in 2022?
2. What is the expected growth rate of the global avocado processing market during 2023-2028?
3. What are the key factors driving the global avocado processing market?
4. What has been the impact of COVID-19 on the global avocado processing market?
5. What is the breakup of the global avocado processing market based on the product type?
6. What is the breakup of the global avocado processing market based on the application?
7. What are the key regions in the global avocado processing market?
8. Who are the key players/companies in the global avocado processing market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL AVOCADO MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Price Trends
5.4 Market Breakup by Type
  5.4.1 Hass
    5.4.1.1 Market Trends
    5.4.1.2 Market Forecast
  5.4.2 Fuerte
    5.4.2.1 Market Trends
    5.4.2.2 Market Forecast
  5.4.3 Bacon
    5.4.3.1 Market Trends
    5.4.3.2 Market Forecast
  5.4.4 Choquette
    5.4.4.1 Market Trends
    5.4.4.2 Market Forecast
  5.4.5 Gwen
    5.4.5.1 Market Trends
    5.4.5.2 Market Forecast
  5.4.6 Others
    5.4.6.1 Market Trends
    5.4.6.2 Market Forecast
5.5 Market Breakup by Region
  5.5.1 Mexico
    5.5.1.1 Market Trends
    5.5.1.2 Market Forecast
  5.5.2 Dominican Republic
    5.5.2.1 Market Trends
    5.5.2.2 Market Forecast
  5.5.3 Peru
    5.5.3.1 Market Trends
    5.5.3.2 Market Forecast
  5.5.4 Colombia
    5.5.4.1 Market Trends
    5.5.4.2 Market Forecast
  5.5.5 Indonesia
    5.5.5.1 Market Trends
    5.5.5.2 Market Forecast
  5.5.6 Others
    5.5.6.1 Market Trends
    5.5.6.2 Market Forecast
5.6 Market Breakup by End Use
  5.6.1 Fresh
    5.6.1.1 Market Trends
    5.6.1.2 Market Forecast
  5.6.2 Processed
    5.6.2.1 Market Trends
    5.6.2.2 Market Forecast
5.7 Market Breakup by Distribution Channel
  5.7.1 Traditional Retail
    5.7.1.1 Market Trends
    5.7.1.2 Market Forecast
  5.7.2 Supermarkets/Hypermarkets
    5.7.2.1 Market Trends
    5.7.2.2 Market Forecast
  5.7.3 Convenience Stores
    5.7.3.1 Market Trends
    5.7.3.2 Market Forecast
  5.7.4 Online
    5.7.4.1 Market Trends
    5.7.4.2 Market Forecast
  5.7.5 Others
    5.7.5.1 Market Trends
    5.7.5.2 Market Forecast
5.8 Import and Export
  5.8.1 Import by Major Countries
  5.8.2 Export by Major Countries
5.9 Market Forecast

6 GLOBAL AVOCADO PROCESSING MARKET

6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Market Breakup by Product Type
  6.4.1 Guacamole
    6.4.1.1 Market Trends
    6.4.1.2 Market Forecast
  6.4.2 Frozen Avocado
    6.4.2.1 Market Trends
    6.4.2.2 Market Forecast
  6.4.3 Avocado Oil
    6.4.3.1 Market Trends
    6.4.3.2 Market Forecast
  6.4.4 Avocado Sauce
    6.4.4.1 Market Trends
    6.4.4.2 Market Forecast
  6.4.5 Others
    6.4.5.1 Market Trends
    6.4.5.2 Market Forecast
6.5 Market Breakup by Application
  6.5.1 Food and Beverages
    6.5.1.1 Market Trends
    6.5.1.2 Market Forecast
  6.5.2 Cosmetics
    6.5.2.1 Market Trends
    6.5.2.2 Market Forecast
  6.5.3 Pharmaceuticals
    6.5.3.1 Market Trends
    6.5.3.2 Market Forecast
  6.5.4 Others
    6.5.4.1 Market Trends
    6.5.4.2 Market Forecast
6.6 Market Breakup by Region
  6.6.1 North America
    6.6.1.1 Market Trends
    6.6.1.2 Market Forecast
  6.6.2 Europe
    6.6.2.1 Market Trends
    6.6.2.2 Market Forecast
  6.6.3 Asia Pacific
    6.6.3.1 Market Trends
    6.6.3.2 Market Forecast
  6.6.4 Middle East and Africa
    6.6.4.1 Market Trends
    6.6.4.2 Market Forecast
  6.6.5 Latin America
    6.6.5.1 Market Trends
    6.6.5.2 Market Forecast
6.7 Market Breakup by Distribution Channel
  6.7.1 Supermarkets and Hypermarkets
    6.7.1.1 Market Trends
    6.7.1.2 Market Forecast
  6.7.2 Convenience Stores
    6.7.2.1 Market Trends
    6.7.2.2 Market Forecast
  6.7.3 Online
    6.7.3.1 Market Trends
    6.7.3.2 Market Forecast
  6.7.4 Others
    6.7.4.1 Market Trends
    6.7.4.2 Market Forecast
6.8 Market Forecast

7 SWOT ANALYSIS

7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats

8 VALUE CHAIN ANALYSIS

8.1 Overview
8.2 Research and Development
8.3 Raw Material Procurement
8.4 Manufacturing
8.5 Marketing
8.6 Distribution
8.7 End-Use

9 PORTERS FIVE FORCES ANALYSIS

9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Rivalry
9.5 Threat of New Entrants
9.6 Threat of Substitutes

10 AVOCADO PROCESSING

10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 COMPETITIVE LANDSCAPE

11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
  11.3.1 Hormel Foods Corporation
    11.3.1.1 Company Overview
    11.3.1.2 Description
  11.3.2 YUCATAN FOODS
    11.3.2.1 Company Overview
    11.3.2.2 Description
  11.3.3 Sabra Dipping Company, LLC
    11.3.3.1 Company Overview
    11.3.3.2 Description
  11.3.4 Calavo Growers, Inc.
    11.3.4.1 Company Overview
    11.3.4.2 Description
  11.3.5 Salud Foodgroup Europe BV
    11.3.5.1 Company Overview
    11.3.5.2 Description
  11.3.6 Olivado
    11.3.6.1 Company Overview
    11.3.6.2 Description
  11.3.7 SPECTRUM ORGANIC PRODUCTS, LLC
    11.3.7.1 Company Overview
    11.3.7.2 Description
  11.3.8 GRUPO INDUSTRIAL BATELLERO S.A. de C.V.
    11.3.8.1 Company Overview
    11.3.8.2 Description
  11.3.9 Sesajal S.A. de C.V.
    11.3.9.1 Company Overview
    11.3.9.2 Description
  11.3.10 The Village Press
    11.3.10.1 Company Overview
    11.3.10.2 Description

LIST OF TABLES

Table 1: Global: Avocado Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Avocado Market Forecast: Breakup by Type (in ‘000 Tons), 2023-2028
Table 3: Global: Avocado Market Forecast: Breakup by Region (in ‘000 Tons), 2023-2028
Table 4: Global: Avocado Market Forecast: Breakup by End Use (in ‘000 Tons), 2023-2028
Table 5: Global: Avocado Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2023-2028
Table 6: Global: Avocado: Import Data by Country, 2021
Table 7: Global: Avocado: Export Data by Country, 2021
Table 8: Global: Avocado Processing Market: Key Industry Highlights, 2022 and 2028
Table 9: Global: Avocado Processing Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 10: Global: Avocado Processing Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 11: Global: Avocado Processing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 12: Global: Avocado Processing Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 13: Processed Avocado: Raw Material Requirements
Table 14: Global: Avocado Processing Market Structure
Table 15: Global: Avocado Processing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Avocado Processing Market: Major Drivers and Challenges
Figure 2: Global: Avocado Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Avocado Market: Average Prices (in US$/Ton), 2017-2022
Figure 4: Global: Avocado Market by Type (Hass): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 5: Global: Avocado Market Forecast by Type (Hass): Volume Trends (in ‘000 Tons), 2023-2028
Figure 6: Global: Avocado Market by Type (Feurte): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 7: Global: Avocado Market Forecast by Type (Feurte): Volume Trends (in ‘000 Tons), 2023-2028
Figure 8: Global: Avocado Market by Type (Bacon): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 9: Global: Avocado Market Forecast by Type (Bacon): Volume Trends (in ‘000 Tons), 2023-2028
Figure 10: Global: Avocado Market by Type (Choquette): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 11: Global: Avocado Market Forecast by Type (Choquette): Volume Trends (in ’000 Tons), 2023-2028
Figure 12: Global: Avocado Market by Type (Gwen): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 13: Global: Avocado Market Forecast by Type (Gwen): Volume Trends (in ‘000 Tons), 2023-2028
Figure 14: Global: Avocado Market by Type (Others): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 15: Global: Avocado Market Forecast by Type (Others): Volume Trends (in ‘000 Tons), 2023-2028
Figure 16: Mexico: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 17: Mexico: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 18: Dominican Republic: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 19: Dominican Republic: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 20: Peru: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 21: Peru: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 22: Colombia: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 23: Colombia: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 24: Indonesia: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 25: Indonesia: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 26: Others: Avocado Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 27: Others: Avocado Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 28: Global: Avocado Market by End Use (Fresh): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 29: Global: Avocado Market Forecast by End Use (Fresh): Volume Trends (in ‘000 Tons), 2023-2028
Figure 30: Global: Avocado Market by End Use (Processed): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 31: Global: Avocado Market Forecast by End Use (Processed): Volume Trends (in ‘000 Tons), 2023-2028
Figure 32: Global: Avocado Market by Distribution Channel (Traditional Retail): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 33: Global: Avocado Market Forecast by Distribution Channel (Traditional Retail): Volume Trends (in ‘000 Tons), 2023-2028
Figure 34: Global: Avocado Market by Distribution Channel (Supermarkets/ Hypermarkets): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 35: Global: Avocado Market Forecast by Distribution Channel (Supermarkets/ Hypermarkets): Volume Trends (in ‘000 Tons), 2023-2028
Figure 36: Global: Avocado Market by Distribution Channel (Convenience Stores): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 37: Global: Avocado Market Forecast by Distribution Channel (Convenience Stores): Volume Trends (in ‘000 Tons), 2023-2028
Figure 38: Global: Avocado Market by Distribution Channel (Online): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 39: Global: Avocado Market Forecast by Distribution Channel (Online): Volume Trends (in ‘000 Tons), 2023-2028
Figure 40: Global: Avocado Market by Distribution Channel (Others): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 41: Global: Avocado Market Forecast by Distribution Channel (Others): Volume Trends (in ‘000 Tons), 2023-2028
Figure 42: Global: Avocado: Import Breakup by Country (in %), 2021
Figure 43: Global: Avocado: Export Breakup by Country (in %), 2021
Figure 44: Global: Avocado Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 45: Global: Avocado Processing Market: Value Trends (in Billion US$), 2017-2022
Figure 46: Global: Avocado Processing Market by Product Type (Guacamole): Value Trends (in Million US$), 2017 & 2022
Figure 47: Global: Avocado Processing Market Forecast by Product Type (Guacamole): Value Trends (in Million US$), 2023-2028
Figure 48: Global: Avocado Processing Market by Product Type (Frozen Avocado): Value Trends (in Million US$), 2017 & 2022
Figure 49: Global: Avocado Processing Market Forecast by Product Type (Frozen Avocado): Value Trends (in Million US$), 2023-2028
Figure 50: Global: Avocado Processing Market by Product Type (Avocado Oil): Value Trends (in Million US$), 2017 & 2022
Figure 51: Global: Avocado Processing Market Forecast by Product Type (Avocado Oil): Value Trends (in Million US$), 2023-2028
Figure 52: Global: Avocado Processing Market by Product Type (Avocado Sauce): Value Trends (in Million US$), 2017 & 2022
Figure 53: Global: Avocado Processing Market Forecast by Product Type (Avocado Sauce): Value Trends (in Million US$), 2023-2028
Figure 54: Global: Avocado Processing Market by Product Type (Others): Value Trends (in Million US$), 2017 & 2022
Figure 55: Global: Avocado Processing Market Forecast by Product Type (Others): Value Trends (in Million US$), 2023-2028
Figure 56: Global: Avocado Processing Market by Application (Food and Beverages): Value Trends (in Million US$), 2017 & 2022
Figure 57: Global: Avocado Processing Market Forecast by Application (Food and Beverages): Value Trends (in Million US$), 2023-2028
Figure 58: Global: Avocado Processing Market by Application (Cosmetics): Value Trends (in Million US$), 2017 & 2022
Figure 59: Global: Avocado Processing Market Forecast by Application (Cosmetics): Value Trends (in Million US$), 2023-2028
Figure 60: Global: Avocado Processing Market by Application (Pharmaceuticals): Value Trends (in Million US$), 2017 & 2022
Figure 61: Global: Avocado Processing Market Forecast by Application (Pharmaceuticals): Value Trends (in Million US$), 2023-2028
Figure 62: Global: Avocado Processing Market by Application (Others): Value Trends (in Million US$), 2017 & 2022
Figure 63: Global: Avocado Processing Market Forecast by Application (Others): Value Trends (in Million US$), 2023-2028
Figure 64: North America: Avocado Processing Market: Value Trends (in Million US$), 2017 & 2022
Figure 65: North America: Avocado Processing Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 66: Europe: Avocado Processing Market: Value Trends (in Million US$), 2017 & 2022
Figure 67: Europe: Avocado Processing Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 68: Asia Pacific: Avocado Processing Market: Value Trends (in Million US$), 2017 & 2022
Figure 69: Asia Pacific: Avocado Processing Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Avocado Processing Market: Value Trends (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Avocado Processing Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 72: Latin America: Avocado Processing Market: Value Trends (in Million US$), 2017 & 2022
Figure 73: Latin America: Avocado Processing Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 74: Global: Avocado Processing Market by Distribution Channel (Supermarkets/ Hypermarkets): Value Trends (in Million US$), 2017 & 2022
Figure 75: Global: Avocado Processing Market Forecast by Distribution Channel (Supermarkets/ Hypermarkets): Value Trends (in Million US$), 2023-2028
Figure 76: Global: Avocado Processing Market by Distribution Channel (Convenience Stores): Value Trends (in Million US$), 2017 & 2022
Figure 77: Global: Avocado Processing Market Forecast by Distribution Channel (Convenience Stores): Value Trends (in Million US$), 2023-2028
Figure 78: Global: Avocado Processing Market by Distribution Channel (Online): Value Trends (in Million US$), 2017 & 2022
Figure 79: Global: Avocado Processing Market Forecast by Distribution Channel (Online): Value Trends (in Million US$), 2023-2028
Figure 80: Global: Avocado Processing Market by Distribution Channel (Others): Value Trends (in Million US$), 2017 & 2022
Figure 81: Global: Avocado Processing Market Forecast by Distribution Channel (Others): Value Trends (in Million US$), 2023-2028
Figure 82: Global: Avocado Processing Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 83: Global: Avocado Processing Industry: SWOT Analysis
Figure 84: Global: Avocado Processing Industry: Value Chain Analysis
Figure 85: Global: Avocado Processing Industry: Porter’s Five Forces Analysis
Figure 86: Avocado Processing Industry: Profit Margins at Various Levels of the Supply Chain
Figure 87: Processed Avocado Manufacturing Process: Process Flow


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